SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
KUTA MICHAEL

(Last) (First) (Middle)
C/O DMC GLOBAL INC.
11800 RIDGE PARKWAY, SUITE 300

(Street)
BROOMFIELD CO 80021

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DMC Global Inc. [ BOOM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/26/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/26/2021 F 1,279(1) D $64.53 22,329 D
Common Stock 02/26/2021 S 1,634 D $63.36 20,695 D
Common Stock 02/26/2021 M 64 A $0 20,759 D
Common Stock 02/26/2021 F 64(2) D $64.53 20,695 D
Common Stock 02/27/2021 M 268 A $0 20,963 D
Common Stock 02/27/2021 F 268(2) D $62.99 20,695 D
Common Stock 02/27/2021 M 89 A $0 20,784 D
Common Stock 02/26/2021 F 89(2) D $62.99 20,695 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Deferred Stock (3) 02/26/2021 M 64 (4) (5) Common Stock 64 $0 3,780 D
Performance Share Units (6) 02/27/2021 M 8,000 (7) (8) Common Stock 8,000 $0 0 D
Deferred Stock (3) 02/27/2021 M 7,732 (9) (8) Common Stock 7,732 $0 7,732 D
Deferred Stock (3) 02/27/2021 M 89 (9) (8) Common Stock 89 $0 2,577 D
Explanation of Responses:
1. Represents withholding of shares to satisfy tax obligations upon the vesting of restricted stock.
2. Represents withholding of shares to satisfy tax obligations upon the vesting of Deferred Stock.
3. Each vested share of Deferred Stock represents the right to receive one share of the Issuer's common stock.
4. 5,766 shares of Deferred Stock were granted on February 26, 2019, and vest in equal amounts over 3 years on the grant date anniversary.
5. The Deferred Stock will be delivered to the reporting person in equal amounts annually over 5 years following separation from service, or in a lump sum if due to a change of control. The reporting person may transfer the Deferred Stock into an alternative investment six months and one day following vesting of the Deferred Stock.
6. Each Performance Share Unit ("PSU") represents the contingent right to receive one share of the Issuer's common stock based on certain vesting conditions.
7. On February 27, 2018, 4,000 PSUs were granted and the vesting and award of Issuer's common stock was contingent upon achievement of specified performance targets over the three year period from 2018 through 2020, with potential to earn a number of shares of common stock between 0% and 200% of the number of target PSUs awarded. The Issuer determined that the maximum performance conditions were fully satisfied, and as a result, 8,000 PSUs vested. The reporting person elected to defer the common stock awarded upon vesting of these PSUs.
8. The Deferred Stock will be delivered to the reporting person in a lump sum upon separation from service. The reporting person may transfer the Deferred Stock into an alternative investment six months and one day following vesting of the Deferred Stock.
9. The Deferred Stock is fully vested.
Remarks:
/s/ Andrew Nelson, by Power of Attorney 03/01/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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